The Fed’s Ethics; The FDA’s Booster Shot Plan; Reid Hoffman’s ‘Masters of Scale’

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 September 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Federal Reserve Chairman Jerome Powell has ordered an internal ethics review after several senior central bank officials disclosed large investments and stock trades in 2020. CNBC’s Steve Liesman reports on the details of the disclosure documents, the existing rules for Fed official holdings. LinkedIn co-founder, venture capitalist, and host of the ‘Masters of Scale’ podcast Reid Hoffman discusses his new book, years of his own interviews with entrepreneurs, and the magic of an entrepreneurial spirit. A key Food and Drug Administration vaccine advisory committee meets to debate and vote on booster shots for the general public, and a former Boeing 737 Max pilot is likely to soon face criminal charges for his role in misleading aviation officials. Plus, American steel is making a comeback. In this episode: Reid Hoffman, @reidhoffman Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in Show Music, please.
0:02.0	This is Squawk Pod.
0:05.0	I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Criminal charges imminent in the Boeing 737 Max investigation, the FDA close to a
0:15.2	decision on booster vaccines and American Steel. It's back.
0:19.1	Doesn't this represent though the beginning of a reimagining of the supply chain in America.
0:24.0	Masters of scale and of triage and of speed what it takes to build a successful business
0:30.0	with investor and podcaster Reed Hoffman.
0:32.0	You go home every night as an entrepreneur with with investor and podcaster Reed Hoffman.
0:32.5	You go home every night as an entrepreneur
0:34.6	with fires burning that can kill your business.
0:37.2	And so how do you do that triage?
0:39.6	And the Fed looking at its own ethics policies
0:42.4	after criticism of regional bank heads multi-million dollar investments.
0:46.0	Perception versus reality versus attracting experts in the field who wouldn't otherwise want to take on a job like this.
0:53.7	The NBC's Steve Leisman reports.
0:55.7	Would you have held a bucket of retail stocks while you were covering the retail business?
1:00.1	No, definitely not.
1:01.6	It's Friday, September 17th, 2021. Squack Pod begins right now.
1:07.0	Stand back you by in three, two, one, fuel free.
1:11.0	Good morning, everybody. Welcome to Squack Box here on
	...

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